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Showing posts from September, 2012

Folsom / American River Canyon North Market Update for August 2012

FOLSOM : Property Sales :   August property sales were 93, up 6.6% from August 2011 and  higher than the 67 sales in last month. August 2012 sales were at their highest level compared to August 2011 and 2010.  August YTD sales are running 2% ahead of last year's year-to-date sales.  Prices:   The Median Sales Price in August was $344,000 up 10.3% from $312,000 in August of 2011 and down 2.7% from $353,500 last month.  The Average Sales Price in August was $359,631, up 11% from $323,634 in August of 2011 and down 1.5% from $364,944 last month. Inventory & Month's Supply of Inventory (MSI):   With 93 homes closing escrow last month and only 85 available homes in Folsom we have less than a one month supply of available homes.  A low MSI is more beneficial for sellers and the current sellers in Folsom are definitely in control of their sales with multiple offers being written on their homes. The dollar per square foot average for sold homes in Folsom: July 2011 -